Monday, 17 July 2017

The GOP healthcare vote is on hold. Senate Majority Leader Mitch McConnell plans to delay the vote until Senator John McCain recovers from surgery to remove a blood clot from his left eye.

China's economy tops expectations. The Chinese economy grew at a 6.9% year-over-year clip in the second quarter, National Bureau of Statistics data showed. It was the 10th straight GDP report that was either in line or 0.1% above expectations.

Euro area inflation cools down. Euro area inflation printed up 1.3% year-over-year in June, according to Eurostat data, a bit slower than the 1.4% YoY reading from May.

Fed rate hike odds are sliding. The market sees a 40.4% chance the Fed lifts its benchmark interest rate before the end of the year, according to Bloomberg's World Interest Rate Probability data. That's down from a 51.9% probability one week ago.